Age 55 & 60 Withdrawal
When you reach the age of 55, you officially enter the retirement phase. At this point, you have the option to manage your retirement savings, either by applying for i-Emas (monthly payments) or making a full withdrawal.
About Age 55 Withdrawal
Upon reaching age 55, all contributions in Akaun Persaraan, Akaun Sejahtera, and Akaun Fleksibel will be consolidated into Akaun 55. You may withdraw your savings either through i-Emas (monthly payment) or make a full withdrawal from this account at any time. If you continue working after the age of 55, contributions received thereafter will be credited into Akaun Emas and can only be withdrawn upon reaching age 60.Public Sector Employees Under the Government Pension Scheme
Before applying for this withdrawal, you are advised to ensure that the government share has been returned to the Retirement Fund (Incorporated) (KWAP) through an application for the Early Government Share Calculation (Pre‑PEN), for the purpose of gratuity and pension payments.
Applicants aged 55 years may apply for this withdrawal and Pre‑PEN concurrently. Withdrawal of the balance in Akaun 55 and the Akaun Emas can only be made after the government share has been successfully returned.
Who Can Apply
Who Can Apply
Payment Categories
- Full Payment
- Partial Payment
- i-Emas (Monthly payment)
- Combination of i-Emas (Monthly payment) and Partial
- Automatic dividend payment
- Payment withdrawal to the appointed FMIs
What You Can Withdraw
| Eligibility | Malaysian | Non-Malaysian (Become A Member Before 1 August 1998) | Non-Malaysian (Become A Member On/ After 1 August 1998) |
|---|---|---|---|
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Entire Savings From Your Akaun 55
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02/03/11 00:00 AM
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Partial Withdrawal
(No minimum withdrawal) |
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✓
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i-Emas (monthly payment)
(Minimum RM100/month or RM1,200/year for at least 12 months or until age 100) Note: Payments will be credited on the 25th of each month. If the 25th falls on Saturday, Sunday or public holiday, the payment will be credited on the next business day. |
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Combination of i-Emas (monthly payment) & Partial
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Yearly Dividend Payment Withdrawal
Lump sum based on previous year’s savings |
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Monthly Dividend Payment Withdrawal
Minimum withdrawal is RM600 (RM100 per month for at least 6 months). The minimum payment period is 6 months and maximum up to 12 months. |
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Age 55 Years Withdrawal (Investment)
Note: Application through i-Akaun (Member). Transfer of withdrawal amount from Akaun 55 is only allowed to the appointed FMIs.
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A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
What You Need
With Mykad
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
| Withdrawal Eligibility | Malaysian | Non-Malaysian (Became A Member Prior to 1 August 1998) | heading |
|---|---|---|---|
| content | content | content | content |
| content | content | content | content |
| content | content | content | content |
Requirements
Note: Members who have reached the age of 60 are advised to make a Full Withdrawal at Age 60.
Additional documents required for Malaysian and Non-Malaysian Members
The required supporting documents may vary for Malaysian and Non-Malaysian Members. So, it's crucial to get all your documents right to pave your way to smoother applications.
Proof of Identity is needed when:
Proof of Identity is needed when:
- If passport number does not match EPF records
Copy of old passport used when EPF account was registered - If original passport is not with the applicant
Temporary travel permit from the Embassy of applicant’s country in Malaysia - If member’s particulars are incomplete or mismatched in EPF records
Letter Confirming the Identification of Applicant from employer*
OR
Letter Confirming the Identification of Applicant from applicant's embassy
OR
Verification Form of Member's Contribution** from employer - Marriage certificate/Birth certificate/relevant supporting documents
If members' particulars in passport differs from EPF records
Who Can Apply
About Age 60 Withdrawal
This withdrawal is a continuation of the Age 55 withdrawal, intended for members who choose to extend their retirement age and continue working after turning 55. At age 60, all savings in Akaun 55 and Akaun Emas will be consolidated for Age 60 withdrawal. You may opt for i‑Emas (monthly payment withdrawal) or a lump sum at any time to support your retirement.Public Sector Employees Under the Government Pension Scheme
Before applying for this withdrawal, you are advised to ensure that the government share has been returned to the Retirement Fund (Incorporated) (KWAP) through an application for the Early Government Share Calculation (Pre‑PEN), for the purpose of gratuity and pension payments.
Applicants aged 60 years may apply for this withdrawal and Pre‑PEN concurrently. Withdrawal of the balance in Akaun 55 and the Akaun Emas can only be made after the government share has been successfully returned.
Who Can Apply
Who Can Apply
Payment Categories
- Full Payment
- Partial Payment
- i-Emas (Monthly payment)
- Combination of i-Emas (monthly payment) and Partial
- Automatic dividend payment
- Payment withdrawal to the Appointed FMIs
What You Can Withdraw
| Eligibility | Malaysian | Non-Malaysian (Become A Member to 1 August 1998) | Non-Malaysian (Become A Member On/After 1 August 1998) |
|---|---|---|---|
|
Entire savings from your Akaun 55
|
✓
|
✓
|
✓
|
|
Entire savings from your Akaun Emas
|
✓
|
✓
|
✓
|
|
Partial Payment
(No minimum withdrawal) |
✓
|
✓
|
✕
|
|
i-Emas (monthly payment)
(Minimum RM100/month or RM1,200/year for at least 12 months or until age 100)
Note: Payments will be credited on the 25th of each month. If the 25th falls on Saturday, Sunday or public holiday, the payment will be credited on the next business day. |
✓
|
✓
|
✕
|
|
Combination of i-Emas (monthly payment) & Partial
|
✓
|
✓
|
✕
|
|
Yearly Dividend Payment Withdrawal
Lump sum based on previous year’s savings |
✓
|
✓
|
✕
|
|
Monthly Dividend Payment Withdrawal
Minimum withdrawal is RM600 (RM100 per month for at least 6 months). The minimum payment period is 6 months and maximum up to 12 months. |
✓
|
✓
|
✕
|
|
Age 60 Years (Investment)
Note: Application through i-Akaun (Member). Transfer of withdrawal amount from Akaun 55 (if any)/Akaun Emas is only allowed to the appointed FMIs.
|
✓
|
✓
|
✕
|
Additional documents required for Malaysian and Non-Malaysian Members
The required supporting documents may vary for Malaysian and Non-Malaysian Members. So, it's crucial to get all your documents right to pave your way to smoother applications.
Proof of Identity is needed when:
Proof of Identity is needed when:
- If passport number does not match EPF records
Copy of old passport used when EPF account was registered - If original passport is not with the applicant
Temporary travel permit from the Embassy of applicant’s country in Malaysia - If member’s particulars are incomplete or mismatched in EPF records
Letter Confirming the Identification of Applicant from employer*
OR
Letter Confirming the Identification of Applicant from applicant's embassy
OR
Verification Form of Member's Contribution** from employer - Marriage certificate/Birth certificate/relevant supporting documents
If members' particulars in passport differs from EPF records
What You Need To Know
Additional Information
Payment Methods
- Local Payments
a. Full payment in Ringgit Malaysia (RM) will be credited to your account
If you hold an active account with our panel bank and your identification number matches the bank records.
b. You will be issued a Bankers Cheque
If payment to your bank account is unsuccessful.
- Overseas Payments
Full payment will be made via foreign demand draft (FDD) in one of the following currencies:
i. Brunei Dollar (BND)
ii. Singapore Dollar (SGD)If your chosen currency is not listed above, full payment will be made via foreign telegraphic transfer (FTT).
Important Reminder
- Certify your documents
Ensure ALL copies of documents have been certified and acknowledged by the authorised persons.
(complete with name, designation and official stamp except for copies of documents which require certification by an EPF officer) - Double check your panel banks
Refer to the list of EPF panel banks for direct crediting of payment into member’s account. - Submit to EPF
Send your completed submissions at your nearest EPF Counter or mail it to the EPF.Post to EPF:
JABATAN PENGURUSAN TRANSAKSI
Menara KWSP
No.1 Persiaran Kwasa Utama,
Kwasa Damansara, Seksyen U4,
40150 Shah Alam,
Selangor.
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